Market Trend Lab

BANKNIFTY : During the market hours updated to book 2nd lot of long position at 11560 with gain of 120 points.  CONJBNSAR for today is  11460  ant it has triggered a sell signal. 

BANKNIFTY:  Next week being Diwali holiday for 2 trading days in market, One may choose to book 2nd lot of banknifty with gain of 120 points. Right now banknifty spot 11560 ANDHRA_IDBI PAIR : Hit the stop loss ratio and exited from pair with loss of 6900/- Andhra Bank @108.15 and IDBI @107.90

IMPORTANT POINTS FOR TRADING Banknifty has made three flag patterns in a ascending triangle but now ascending triangle is getting narrow hence, it might be a strong hurdle for upmove. Banknifty has given a breakout from channel of flag pattern. On upside it has resistance near  11750-11830 zone  and on downside it has support around  11520-11535  and another support comes around  11430-11450 zone . ADX indicator is suggesting no trend hence banknifty might be a range bound. CONJBNSAR on 2nd Nov triggered a Buy signal @ 11440.  For today CONJBNSAR is  @11460  and if it triggers than sell signal will be generated. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels.. ========================== For the benefit of all readers , 'FAQ on pair trade' is added one can click on FAQ tab just below the bog title 'JUST BANKNIFTY'  above or the given following link:...

BANKNIFTY: given a buy signal @11440 on 2nd Nov 2012 as per CONJBNSAR. 1ST Lot booked with 100 points gain on 6th Nov 2012... and still holding 2nd lot with current gain of 173 points (11613.55). ANDHRA_IDBI PAIR:  still holding with current loss of  3600. .. Futures of Andhra Bank  @ 109.50 and IDBI @107.60.

(click to enlarge) IMPORTANT POINTS FOR TRADING Banknifty has made three flag patterns in a ascending triangle but now ascending triangle is getting narrow hence, it might be a strong hurdle for upmove. Banknifty breakout from channel of flag pattern. On upside it has resistance near 11830 and on downside it has support around  11520-11535 and another support comes around  11430-11450 zone . CONJBNSAR on 2nd Nov triggered a Buy signal @ 11440.  For today CONJBNSAR is  @11445  and no need of filter. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

  Thanks for all your  overwhelming  response  to our pair trade strategy.. Pair trading strategy is one of the reliable strategy for earning consistent profit in all market situation  if it is followed with accurate entry and stop loss keeping in mind. 13 DAYS ARE LEFT NOW TO JOIN US WITH DISCOUNTED SUBSCRIPTION CHARGES HURRYYYYYYYYYY AND JOIN US BEFORE 20TH NOV. 2012 For getting Free trial for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html ============================================================

BANKNIFTY: Closed @ 11665.50 (spot). CONJBNSAR given buy signal @11440( spot) and  Hold 2nd lot of banknifty till CONJBNSAR gives reversal signal. ANDHRA_IDBI BANK PAIR : is in loss of  2300/ - ... Hold the pair.

Buy ANDHRA BANK future 1 lot @107.50 & SELL IDBI future 1 lot  @103.80 Entry Ratio: 1.03 Target Ratio : 1.05---1.06 S/L Ratio: 1.00 =========================== Pair trading strategy is one of the reliable strategy for earning consistent profit in all market situation  if it is followed with accurate entry and stop loss keeping in mind. 13 DAYS ARE LEFT NOW TO JOIN US WITH DISCOUNTED SUBSCRIPTION CHARGES HURRYYYYYYYYYY AND JOIN US BEFORE 20TH NOV. 2012 For getting Free trial for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html ============================================================

IMPORTANT POINTS FOR TRADING Banknifty is trading in a channel of flag pattern. At present it is near resistance line of channel and it comes around  11580-11590  above that it can move upto 11680-11700  and on downside it is having a support around  11430-11450 . CONJBNSAR on 2nd Nov triggered a Buy signal @ 11440.  Yesterday booked one lot with gain of 100 points and Hold second lot till it gives reversal signal. For today CONJBNSAR is  @11420 and no need of filter from today. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels.. 

BANKNIFTY: CONJBNSAR triggered a Buy signal on 2nd Nov. 2012 @ 11440.. Today banknifty made high of 11568.. . one lot is booked with 100 points gain... and 2nd lot hold till CONJBNSAR gives reversal signal..

UNION BANK @ 218.5 AND IDBI @100   CURRENT RATIO : 2.18 CURRENT PROFIT : 7900/- TARGET RATIO GIVEN: 2.20--2.15 (ACHIEVED) BRAVE HEART CAN BOOK FULL PROFIT NOW ======================

BANKNIFTY : is having a hurdle of Weekly Agni level @ 11523 .... It is trading between Daily Agni/JBNSAR & WEEKLY AGNI/JBNSAR LEVELS... Needs to cross any one for further action i.e. 11380 or 11523... Till than it will be range bound.. UNION_IDBI PAIR :  Right now profit is 4000/- unionbank @218 and IDBI @97.85. .. Brave heart book profit.

Now UNIONBANK @ 219.30   AND IDBI @ 98.20 CURRENT RATIO : 2.24 CURRENT PROFIT : 3500 BRAVE HEART CAN STILL HOLD THE PAIR &  other can book profit. ========================== Today (6th Nov 2012) morning PAIR TRADE STRATEGY given was: SELL UNIONBANK FUTURE 1 LOT @221  AND BUY IDBI FUTURE 1 LOT @97.30 Entry Ratio: 2.27 & above TRGT Ratio : 2.20-2.15 S/L Ratio: 2.40 ========================== Thanks for all your  overwhelming  response.. For getting Free trial for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html ============================================================ (**** Diwali bonanza offer is open till 15th Nov.2012... rush to join us before 20th Nov 2012 and be benefited... Thanks for all your responses...**** )

PAIR TRADE STRATEGY SELL UNIONBANK FUTURE 1 LOT @221  AND BUY IDBI FUTURE 1 LOT @97.30 Entry Ratio: 2.27 & above TRGT Ratio : 2.20-2.15 S/L Ratio: 2.40 ========================== Thanks for all your  overwhelming  response.. For getting Free trial for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html ============================================================ (**** Diwali bonanza offer is open till 15th Nov.2012... rush to join us before 20th Nov 2012 and be benefited... Thanks for all your responses...**** )

Just keep a watch on Weekly Agni and JBNSAR level i.e. 11463 and 11523 ....  this two levels needs to be conquered first for any rally on upside...

Due to maintenance, our system was down... but now we are beck.... and will give u timely update on site as usual... But we advice all our members and readers of free trial to keep stop loss tight in any position u take...whether u keep stop loss in ratios or amount with which u are comfortable like if u are booking profit around Rs.4000 than keep ur stop loss amount also near Rs.4000-5000. Yes, we always take care of our paid members by calling , by SMS or through emails.. even if any route of communication is down... We have decided to give one excel sheet to our paid members which will automatically calculates their current ratio and current profit so that at any point of time they come to know how far they are from current target or stop loss.

IMPORTANT POINTS FOR TRADING Today above 11480 banknifty can move upto 11550---11590 and on downside it is having a support around  11380 . CONJBNSAR on 2nd Nov triggered a Buy signal @ 11440 (today stop and reverse level is 11366) .  On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels.. Today keep a watch on weekly Agni / JBNSAR levels i.e. 11523 /11463. 

Thank you all for your overwhelming response  to Diwali Bonanza Offer... We had REPLIED all mails of enquires and suggestions... Still the free trial is open till 15th Nov 2012 . So rush to join us and become a paid member of service  before 20th Nov 2012   and Enjoy the benefit of special subscription charges of Diwali Bonanza  offer for 'Pair Trade Call'...  http://justbanknifty.blogspot.in/2012/10/bonanza-diwali-gift-before-diwali.html